Aggregate Output and Income：The aggregate:incomerentAggregate Expenditure

Deficits and the National Debt：Budget;Government revenue includes tax revenues net of transfer payments;An increase in a budget surplus would be associated with contractionary fiscal policy:uses.

What are the responsibilities of the members in reference to the CFA Institute?：Once accepted as a member:每年交述职报告和年费but must not over promise the competency and future investment results.Case

What members and candidates should notice in CFA examinations?：or security of the CFA examinations.（不能恶心CFA），考试不能作弊:考试内容要保密:A. No.:Responsibilities as a CFA Institute Member.right④Case

Why members and candidates must develop and maintain appropriate records?：actions,Cannot usehistoricalrecommendations or research reports created at the previous firm because the supporting documentation is unavailable. （不能使用以前的推荐或者研究报告,因为没有支持数据）For future use,CFA

How to identifying the actual investment client and voting proxy policies?：管理个人资产→资产所有人就是客户”管理信托资产→信托的最终受益人才是客户。要求公司的养老金管理人使用万科的养老金收购本公司股票，以资本增值为目的的买入行为是合理的。养老金管理人认为万科未被低估,

How to understand loyalty, prudence and care in duty to clients?：The client or prospective client permits disclosure of the information.（在法律允许或客户同意的情况下可以披露）,members and candidates must comply with the law.（在某些情况下法律要求。

What are the ethics and trust in the investment profession？：Global investment performance standards（GIPS）= 比例低，也并非所有的不道德都是违法君子有所不为的决策是更好的决策更符合stakeholder利益的决策

In analyzing investment, what should we do to making investment recommendations, and taking investment actions?：or action. （分析、投资或者提供建议要有合理、充分的基础）,must not rely on that information. （外部数据怀疑就不能用）,issue indicates NO reasonable basis. （不能总是推荐所谓的热门股票），并不代表有这样的观点）但整个研究过程是可靠的

What's the meaning of independence and objectivity in professionalism?：or consideration that reasonably could be expected to compromise their own or another’s independence and objectivity.（那些被合理认为将会影响独立客观的威逼利诱都要不为所动）,但在他人眼中会影响独立性也不行）可能的话事先披露给雇主告诉雇主是为了引起雇主的同意

What laws,rules, and regulations should be known by members and candidates?：rules，必须遵守直接相关的法律），but this may be advisable in some circumstances and required by law in others. （没有要求一定要将违法行为报告政府）也会被认为是参与违法行为）

How to understand the Code of ethics and trust in the investment profession?：I,Professionalism:II:IIIIVVVIVIIResponsibilities as a CFA member or candidate